An Overview of Every Major Disruption that Occurred In Payments Industry

While we forsee the payments industry to keep advancing at a healthy pace, vigorous disruptive forces are starting to stimulate the paradigm shift in the global landscape. The payments industry has lately witnessed the emergence of various digital non-bank players including cryptocurrencies, that are presenting intense competition for banks. Nevertheless, payments hasn’t always been this fast-paced or thrilling. As a matter of fact, right now we’re actually witnessing a remarkable intersection of multiple disruptive technologies simultaneously. This infographic below outline the origins behind many of the vital pieces of contemporary payments landscape and highlight what the future might hold for the industry.